August 2022 - Week 4 Edition, Part 2
Report from the World’s Fair of Money in Chicago – And My Latest Book Award
I gave you a quick market summary earlier this week but now that gold has recovered somewhat and I’ve looked over my notes and photos, I’ve had chance to digest all the news from the annual World’s Fair of Money in Chicago.
August 2022 - Week 4 Edition
Gold is Behaving Like a Seesaw
Gold has been up and down this summer in a mirror image of the U.S. Dollar index (DXY).
August 2022 - Week 2 Edition
Deficits Threaten Chronic Depression If Not Addressed Soon
Our current debt-to-GDP level is now 130%, since our GDP is $23 trillion and our federal debt has reached $30 trillion (30 divided by 23 is 1.3, or 130%). The cost of servicing this $30 trillion in debt is crippling if we ever return to normal late 20th century historical interest rates of around 5%. That amounts to $1.5 trillion in interest costs per year (5% of $30 trillion), with debts rising each year.
August 2022 - Week 1 Edition
Coins Usually Hold Up Better Than Most Paper Investments
If you have specific needs or a wish list in mind, be sure to communicate those needs to your account representative so you can be first in line when these rarities become available. I am constantly searching for “Wish List” coins for you. From as far back as we can measure time, coins made of precious metals have held their value better than paper receipts for wealth.
July 2022 - Week 4 Edition
The Rare Coin Market Remains “Hot”
Whether gold bullion is declining, flat or rising, the rare coin market remains “hot” in our select sectors. Even while the dollar was soaring and gold was falling – from the end of May to mid-July – rare coins were extremely strong.
July 2022 - Week 3 Edition
The Dollar Beat all Other G-10 Currencies – with Gold Rising in 8 of 10 Top Currencies
Gold has risen in 8 of the 10 leading currencies through July 12 this year – all but the U.S. and Canadian dollars.
July 2022 - Week 2 Edition
Dollar’s Buying Power Affecting Gold Prices
Even though gold is down 4.7% in dollar terms this year, it is up an average of 8 percent in terms of most other major currencies.
July 2022 - Week 1 Edition
First Half Review – The Worst U.S. Stock and Bond Markets in 150 Years!
By most measures, the U.S. stock market had its worst first half since 1970, and many commodities are soaring, due to rising inflation, but if you dig deeper, the “tale of the tape” looks even worse than that.
June 2022 - Week 5 Edition
The Number of Gold Investors and Volume of Gold Investing Keeps Climbing
This week, we heard from the Royal Canadian Mint that total international gold bullion coin sales rose in the first quarter by 14%, year-over-year, to nearly 59 metric tons. That made it the best quarter in 35 years for gold bullion coin sales on a global basis, and we know from history that after 18-24 months about one in six bullion coin investors start to look into buying rare coins.
June 2022 - Week 4 Edition
The Fed Created Runaway Inflation in 2020 and 2021 – Now it is Sopping Up That Money, Depressing Stocks and Bitcoin (But Not Gold)
Metals have held up remarkably well considering the U.S. Dollar is now at a 20-year high against a basket of other major currencies. The dollar is up simply because the Federal Reserve (Fed) is raising interest rates while Europe and Japan are keeping their rates near zero, so investors are pouring cash into 3% dollar returns.
To Reach an Account Representative - Toll Free: 800.822.4653